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Authorization Letter For Collecting Money
"I need an Authorization Letter for Collecting Money under Saudi law that allows my company's finance manager to collect outstanding payments of 500,000 SAR from our distributors during Q1 2025, with the power to issue receipts and sign collection documents."
1. Date and Place: Current date and location where the letter is being executed
2. Authorizer Details: Full legal name, national ID/Iqama number, contact details, and address of the person giving the authorization
3. Authorized Person Details: Full legal name, national ID/Iqama number, contact details, and address of the person being authorized to collect money
4. Purpose Statement: Clear statement of the authorization being granted for collecting money
5. Amount Details: Specific amount to be collected, both in numbers and words, and the currency
6. Source of Payment: Details of the person or entity from whom the money is to be collected
7. Declaration of Authority: Explicit statement of the powers being granted to the authorized person
8. Authentication: Signature of the authorizer and space for official authentication if required
1. Time Limitation: Include when the authorization needs to be valid for a specific time period only
2. Payment Method Specifications: Include when specific payment methods (cash, check, bank transfer) need to be specified
3. Reporting Requirements: Include when the authorized person needs to report or document the collection process
4. Revocation Clause: Include when specific conditions for revoking the authorization need to be stated
5. Multiple Collection Authorization: Include when authorization is for multiple collections over time rather than a single transaction
6. Substitute Authorization: Include when the authorized person needs the power to delegate the authority to another person
1. Identity Documents: Copies of official ID documents of both the authorizer and authorized person
2. Payment Details: If applicable, details of the payment such as invoice numbers, contract references, or other relevant documentation
3. Authentication Certificates: Any required official authentication or notarization certificates
4. Previous Authorization Records: If this is a renewal or modification, copies of previous authorization letters
Authors
Banking & Financial Services
Legal Services
Business Services
Real Estate
Insurance
Retail
Manufacturing
Construction
Education
Healthcare
Professional Services
Import/Export
Logistics
Legal
Finance
Administration
Compliance
Treasury
Operations
Document Control
Risk Management
Corporate Services
Accounts Receivable
Finance Manager
Legal Counsel
Compliance Officer
Treasury Manager
Accounts Receivable Specialist
Collection Officer
Administrative Manager
Company Secretary
Financial Controller
Legal Administrator
Business Development Manager
Operations Manager
Document Control Specialist
Risk Management Officer
Corporate Services Manager
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